The ethereum wallet known as the “FTX Accounts Drainer” has started to offload the ethereum it collected this past week after becoming the 27th largest ether address. On Nov. 19, 2022, the wallet held 250,735 ether, but by 7:44 a.m. (ET) on Nov. 20, the “FTX Accounts Drainer” transferred roughly 50,000 ether out of the…
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Wrapped tokens have opened new opportunities for crypto investors by allowing them to deploy assets from one chain to another in tokenized form. Read on to learn about wrapped tokens, how they work, and which wrapped coins are the most popular…. Read More: What Are Wrapped Tokens? Read more »Pay, Trade, Buy Bitcoin with…
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Sentiment among traders and investors in the crypto market saw a slight drop this week, with volatile and ‘choppy’ markets in recent days and weeks frustrating traders who are looking for clear trends. According to data from the market sentiment analysis service Omenics, the average 7-day sentscore for 10 major cryptos dropped to 4.9…
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REN stands out among a sea of red altcoins after the launch of Catalog and a pivot toward Polygon blockchain result in a 65% rally. Decentralized finance projects like Ren pumped in 2021, only to finish the year right back where they started as high fees on Ethereum (ETH) led to decreased activity for many…
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Nonetheless, the long-term technical setup and strengthening protocol metrics indicate bullish continuation. The prospects of Ren (REN) continuing its ongoing rebound to fresh highs appear slim as a classic bearish reversal pattern begins to emerge. Dubbed head and shoulders, the setup appears when the price forms three peaks, with the middle peak (called the head)…
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After hovering above the border between the scores of 4 and 5 for about a month, the market sentiment dropped below 5 over the past week. The average 7-day moving crypto market sentiment score (sentscore) for ten major cryptoassets stands today at 4.96, while a week ago it stood at 5.18, according to the…
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REN, CELR and CVC ignore the market’s bearish reaction to China’s new crypto ban by posting double-digit gains. The bullish momentum that had been growing across the cryptocurrency ecosystem over the past few days came to a screeching halt on Sept. 24 as news that China had banned cryptocurrency transactions made the rounds on social…
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A cross-chain bridge to Arbitrum, protocol upgrades and a steady surge in network activity back REN’s 340% rebound off its July 20 swing low. Interoperability has become one of the driving themes within the crypto market and as the blockchain ecosystem evolves into an interconnected web of layer-one protocols, the importance of communication and efficiency…
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Bitcoin’s surge above $48,000 catalyzed a strong move from REN, KEEP and FRONT. Bitcoin’s (BTC) rise back above the $48,000 mark was back by similar moves from altcoins and analysts expect the market-wide rally to continue if the top-ranked digital asset can take aim at the $50,000 resistance level. Top 7 coins with the highest…
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The new bridge will allow Ren’s ERC-20 representations of BTC, BCH, DOGE, FIL, LUNA, ZEC, and DGB can now be transferred onto the Polygon network. The launch of the new Polygon x RenVM Bridge was announced to Twitter by Polygon on May 28, who emphasized the bridge will allow Bitcoin and other assets to be…
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